Hi,

I thought people might be interested at the positive signs of the Frankston market at the moment. This property is producing good rental returns for its proximaty to a major city (Melbourne). My opinion…[Read more]

Hi Sanjiv,

I have a property manager which takes care of any problems but so far no problems at all. They charge me a 5.5 % management fee which i think is pretty good. have a look at this link about upcoming projects it is quiet interesting. http://www.frankston.vic.gov.au/About_Frankston_City/Major_Projects/index.aspx

Dom [biggrin]

hello romina and luca,

My personal preference would be to stay landside as the majority of the population and investors prefer these areas.But if it where for personal use or for the long term (20 years or more) then it could be worth investigating further. Prices are slowly rising in brisbane because of the amount of people and work available so…[Read more]

Hi Alee,

My suburb in albany creek north of brisbane as risen significantly in the past year,. and it is only 15 klms from brisbane. It is still possible to pick up a house in the low 3s ,””but you better be quick””. other suburbs you could try, eatons hill brendale, warner, cashmere all around 20klms from city.

Dom [biggrin]

Hello sanjvi,

This is precisely why i have bought in frankston this year.I beleive this suburb which is close to the ocean has a tremendous amount of potential which has been overlooked for many years.
And i think north or south of frankston wont be a lare price difference in the future. I was fortunate enough to find a positive cash flow proerty…[Read more]

Hi guys,

I thought this article would help and i have included a link to the Somersoft forum on the bottom of the page about Melbourne property.

Dom

Hold onto property’ in 2007

By Rosemary Desmond

January 09, 2007 05:41pm
Article from: AAP

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UNCERTAINTY over interest rates could make 2007 a…[Read more]

Hello,

I have just settled on an 8 bedroom student accomodation investment property. The internet is paid by me and the electricicty is capped at $400 per quarter anything over and it is split between the students.
Each room has furniture bed ,table,etc .It has 2 self contained kitchens with all cutlery. The laundry has a washing machine and…[Read more]

Hi AJB,

Can you tell us some numbers,how much you paid for property how much rent are you trying to achieve for each unit. This may help with some of your questions.

Dom [biggrin]

http://entrepreneurs.about.com/od/gettingstarted/a/passiveincome.htm
http://ezinearticles.com/?5-Ways-to-Make-Money-Fast-and-Easy&id=90552
Thought this website had a good discripion of passive income.

Dom [biggrin]

FEARS of “absolute bedlam” in the rental housing market are becoming a reality as vacancy rates drop and demand peaks, sparking calls for a national affordable housing policy.

The rental vacancy rate has dropped from 1 per cent to 0.5 per cent in Adelaide for the first time in three years, and Real Estate Institute of Australia president Graham…[Read more]

Hi Bridgebuf,

Simply based on rental yeild $300 * 52 = $15600 / 160,000 * 100 = 9.75 % rental yeild.

Repayments on $160,000 0n 8.0% interest rate is approx $1070 per month. Rent is $300 per week * 4 = $1200 per month.
Just a rough example to show the rent is higher than repayments monthly.Their are many other factors involved such as rates…[Read more]

Hi smiley71.

I dont know no what you are trying to achieve here so i will presume you are trying to create wealth in some sort of manner may it be short or long term.
Since you are starting out and you are on a single income ,personally if i were in your situation and had time to spare i would look outside the square. Your deal which you have…[Read more]

Hi grossrealisation,

I just simply want to open a bank account for now to transfer funds into china for future opportunities.

Dom [biggrin]

Hefty rent increases squeeze families

By Melanie Christiansen

December 19, 2006 12:00am
Article from: Herald-Sun

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WELFARE and housing groups are demanding limits on how much – or at least how often – landlords can increase rents, amid reports of rent hikes as high as $90 a week.

The latest…[Read more]

BNB 23.510 -0.490 23.510 23.540 23.740 23.740 23.500 1,197,854

Bruham
My property portfolio does not drop this fast in one or 2 days!

You have made a healthy profit but $23.51 * 30000 = $705300 today.Thats $41766 less then you had when it was $24.90.

Lets hope they dont drop like amp or telstra.

Dom [biggrin]

Home

Hello,

For people trying to buy a commercial property the biggest hurdle is trying to come up with te 25% to 30 % deposit because supposidly it is of higher risk to the banks.
I dont communicate with the banks directly i prefer to use a broker. It is possible to put a 5% deposit on a commercial property but what value is this to someone when the…[Read more]

Simon,

The property is in victoria. What reason would a lender not do a valuation and at what interest rate? I have the 25% required for a commercial loan and if this was remotly possible it would leave me with more cash to purchase more properties.

Dom

[biggrin]

Thanks guys,

BUT, what bank would not get a valuator in and servicebility is not a problem?

Dom

[biggrin]

Hi richard,

The particular property i am interested in is a 8 bedroom house style with to kitchens and two living areas, across from a university.these will have twelve month lease.

thanks

Dom